State of the Union: The central bank is waiting to see the economic effects of the ongoing Iran war. The post Fed Declines to Cut Rates appeared first on The American Conservative .
The Federal Reserve announced Wednesday that it will make no change to the interest rate benchmark, leaving interest rates in the range of 3.5 percent to 3.75 percent. The board of governors pointed to weak job growth, economic uncertainty due to rising energy prices, and inflation still above the central bank’s 2 percent target rate as part of the rationale for the decision. Federal Reserve Chairman Jerome Powell acknowledged the potential impact of the Iran war on the economy, noting that “the implications of events in the Middle East for the U.S. economy are uncertain.” “In the near term, higher energy prices will push up overall inflation, but it is too soon to know the scope and duration of the potential effects on the…Open
The Federal Reserve has paused interest rate cuts , leaving its key rate unchanged at about 3.6% after lowering it three times last year. NewsNation’s Alicia Nieves lays out what the decision means for everyday Americans. Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
Federal Reserve Chair Jerome Powell gives remarks Wednesday afternoon after the nation's central bank opted to keep short-term interest rates steady between 3.5 and 3.75 percent.
AI:Federal Reserve Chair Jerome Powell delivered remarks following the central bank's decision to hold short-term interest rates steady at a range of 3.5 to 3.75 percent. This move to maintain current levels reflects ongoing economic stagnation and serves as a continuation of the Federal Reserve's recent trend of pausing rate cuts to assess economic conditions. The decision keeps borrowing costs elevated for American citizens even as President Trump prepares to transition leadership at the Fed by nominating Kevin Warsh to replace Powell.Open
